Providing training, management skills, accounting and payroll services to the charity and voluntary sectors
Tag: End Of Year Tasks
As an employer running payroll, you need to:
report to HM Revenue and Customs (HMRC) on the previous tax year (which ends on 5 April 2017) and give your employees a P60| What you need to do | When | |
| Send your final payroll report of the year | On or before your employees’ payday | |
| Update employee payroll records | From 6 April | |
| Update payroll software | From 6 April | |
| Give your employees a P60 | By 31 May | |
| Report employee expenses and benefits | By 6 July |
As the financial year comes to an end on 5th April 2016, it’s time to look at the tasks that employers running a payroll need to complete for Her Majesty’s Revenue and Customs (HMRC). You need to report to HMRC on the previous tax year (which ends on 5 April), give your employees a P60 and prepare for the new tax year, which starts on 6 April 2016
HERE ARE THE 5 ESSENTIAL TASKS AND TIMESCALE:
| What you need to do | When |
| Send your final payroll report of the year | On or before your employees’ payday |
| Update employee payroll records | From 6 April |
| Update payroll software | From 6 April |
| Give your employees a P60 | By 31 May |
| Report employee expenses and benefits | By 6 July |
Derby Community Accountancy Service 